Addison Capital Co Buys 587 Shares of PTC Inc. $PTC

Addison Capital Co grew its stake in shares of PTC Inc. (NASDAQ:PTC) by 17.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 3,951 shares of the technology company’s stock after buying an additional 587 shares during the quarter. Addison Capital Co’s holdings in PTC were worth $612,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Fifth Third Bancorp boosted its holdings in PTC by 16.5% in the first quarter. Fifth Third Bancorp now owns 3,334 shares of the technology company’s stock worth $517,000 after acquiring an additional 473 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of PTC by 18.3% in the 1st quarter. Mather Group LLC. now owns 845 shares of the technology company’s stock worth $131,000 after purchasing an additional 131 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of PTC by 20.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,510 shares of the technology company’s stock worth $2,091,000 after purchasing an additional 2,285 shares in the last quarter. M&T Bank Corp grew its position in PTC by 8.2% in the 1st quarter. M&T Bank Corp now owns 9,522 shares of the technology company’s stock valued at $1,475,000 after purchasing an additional 724 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in PTC by 8.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,014 shares of the technology company’s stock valued at $312,000 after purchasing an additional 154 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Staats Aaron C. Von sold 1,988 shares of PTC stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $216.29, for a total transaction of $429,984.52. Following the sale, the executive vice president directly owned 15,743 shares in the company, valued at $3,405,053.47. The trade was a 11.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.32% of the stock is currently owned by corporate insiders.

PTC Trading Up 0.2%

NASDAQ:PTC opened at $204.50 on Thursday. PTC Inc. has a 52 week low of $133.38 and a 52 week high of $219.69. The firm has a 50-day moving average price of $204.55 and a two-hundred day moving average price of $175.78. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $24.50 billion, a price-to-earnings ratio of 48.23, a price-to-earnings-growth ratio of 2.17 and a beta of 1.18.

PTC (NASDAQ:PTC) last released its earnings results on Wednesday, July 30th. The technology company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.42. The company had revenue of $643.94 million during the quarter, compared to analyst estimates of $582.12 million. PTC had a return on equity of 17.09% and a net margin of 20.74%.PTC’s quarterly revenue was up 24.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 earnings per share. PTC has set its FY 2025 guidance at 6.630-7.030 EPS. Q4 2025 guidance at 2.100-2.500 EPS. On average, equities analysts expect that PTC Inc. will post 4.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PTC. UBS Group reaffirmed a “buy” rating on shares of PTC in a research note on Tuesday, July 29th. BMO Capital Markets raised their price target on shares of PTC from $187.00 to $231.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Royal Bank Of Canada lifted their price target on PTC from $224.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Cantor Fitzgerald set a $120.00 price objective on PTC and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Finally, Stifel Nicolaus raised their target price on PTC from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $202.14.

PTC Company Profile

PTC Inc operates as software company in the Americas, Europe, and the Asia Pacific. The company provides Windchill, a suite that manages all aspects of the product development lifecycle(PLM) that provides real-time information sharing, dynamic data visualization, collaborate across geographically distributed teams, and enabling manufacturers to elevate product development, manufacturing, and field service processes; ThingWorx, a platform for Industrial Internet of Things; ServiceMax, a field service management solutions enable companies to asset uptime with optimized in-person and remote service and technician productivity with mobile tools.